Man charged with fraud by FCA over £1.3m unauthorised ‘fund’
Daniel Pugh convinced investors to buy into his ‘Imperial Investments Fund’.
Investment Fraud
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AllianzGI and trio of ex-portfolio managers charged with ‘massive fraud’
Firm to pay more than $1bn to the US SEC and over $5bn in restitution to victims
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Tavistock sets aside £2.1m to pay for rogue adviser fraud
Several victims already approached the company with claims after losing £4.5m
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Investment fraudster sentenced for currency trading scam
Manraj Virdee promised some investors guaranteed returns of up to 100%
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Failed Sicav targeted by financial investigator
Financial investigator David Mapley has launched a campaign to seek the return of $400,000 (£307,092) for a client who invested in the failed Columna Commodities fund.
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Football legend says asset manager fraud bankrupted him
Former Premier League footballer Colin Hendry said he will be seeking compensation if an investigation into Kingsbridge Asset Management proves its staff conspired to defraud a large number of its high net worth clients.
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FCA issues warning on online investment fraud
The FCA has issued a warning on the rise of fraudsters offering investments in binary options and cryptocurrencies, such as Bitcoin.
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Fraudsters target Invesco clients in ‘sophisticated’ scams
Invesco Perpetual has issued a stark warning online after discovering its clients are being targeted by ‘sophisticated’ fraudsters in telephone calls and emails.
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Fund fraudsters fined £2m after FCA investigation
A long-running FCA investigation has finally ended after eight men were convicted and fined more than £2m for running an unauthorised fund.
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IFA and accountant jailed in UK for film tax fraud
An accountant and an independent financial adviser have been jailed in the UK following their conviction for attempting to steal millions in a tax fraud linked to the film industry.
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Fraudster sentenced to seven years
Bournemouth’s Benjamin Wilson has been sentenced to seven years imprisonment for defrauding investors of more than £21m.
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investment fraud costs 1 2bn a year
Around £1.2bn is lost to investment fraud each year in the UK as overconfident investors fail to check who they are investing with, according to Action Fraud.